Gjensidige Forsikring Future Growth

Future criteria checks 2/6

Gjensidige Forsikring is forecast to grow earnings and revenue by 13.3% and 2.5% per annum respectively. EPS is expected to grow by 13.6% per annum. Return on equity is forecast to be 24.6% in 3 years.

Key information

13.3%

Earnings growth rate

13.6%

EPS growth rate

Insurance earnings growth	18.9%
Revenue growth rate	2.5%
Future return on equity	24.6%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:GJFO - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	43,098	6,851	N/A	N/A	6
12/31/2025	41,315	6,222	N/A	N/A	6
12/31/2024	38,945	5,187	N/A	N/A	5
9/30/2024	43,412	4,906	3,898	4,119	N/A
6/30/2024	41,738	4,066	2,537	3,016	N/A
3/31/2024	40,389	3,730	3,631	4,270	N/A
12/31/2023	39,285	4,056	4,160	4,886	N/A
9/30/2023	36,522	4,273	6,278	7,080	N/A
6/30/2023	34,934	4,307	5,651	6,311	N/A
3/31/2023	33,666	3,582	5,472	6,104	N/A
12/31/2022	32,385	3,390	1,702	2,262	N/A
9/30/2022	32,459	4,609	2,831	3,319	N/A
6/30/2022	32,568	5,245	4,472	4,951	N/A
3/31/2022	33,735	6,755	2,007	2,493	N/A
12/31/2021	33,460	7,141	6,494	7,027	N/A
9/30/2021	32,502	6,585	4,458	5,026	N/A
6/30/2021	32,236	6,641	9,353	9,909	N/A
3/31/2021	32,110	6,773	6,076	6,606	N/A
12/31/2020	29,609	4,954	6,822	7,335	N/A
9/30/2020	28,694	4,497	6,719	7,233	N/A
6/30/2020	27,807	3,939	1,250	1,762	N/A
3/31/2020	26,471	3,329	6,458	6,962	N/A
12/31/2019	29,620	6,556	-1,674	-1,236	N/A
9/30/2019	27,214	6,376	-4,823	-4,425	N/A
6/30/2019	27,355	6,187	-5,622	-5,226	N/A
3/31/2019	27,437	5,687	-5,717	-5,258	N/A
12/31/2018	25,667	3,383	-2,295	-1,892	N/A
9/30/2018	27,546	2,907	1,140	1,519	N/A
6/30/2018	27,592	3,311	N/A	1,470	N/A
3/31/2018	26,904	3,397	N/A	2,370	N/A
12/31/2017	27,233	4,064	N/A	1,718	N/A
9/30/2017	27,329	4,337	N/A	2,224	N/A
6/30/2017	27,488	4,302	N/A	1,065	N/A
3/31/2017	28,036	4,673	N/A	2,031	N/A
12/31/2016	27,525	4,670	N/A	2,513	N/A
9/30/2016	27,387	4,830	N/A	-3,375	N/A
6/30/2016	26,123	4,253	N/A	-5,361	N/A
3/31/2016	25,689	4,150	N/A	-3,427	N/A
12/31/2015	25,488	3,789	N/A	-6,396	N/A
9/30/2015	24,958	3,502	N/A	-1,727	N/A
6/30/2015	25,356	3,905	N/A	2,006	N/A
3/31/2015	25,462	4,015	N/A	2,620	N/A
12/31/2014	25,453	4,190	N/A	3,428	N/A
9/30/2014	25,346	4,360	N/A	2,641	N/A
6/30/2014	25,199	4,691	N/A	966	N/A
3/31/2014	24,508	4,277	N/A	-980	N/A
12/31/2013	23,314	3,671	N/A	-1,128	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GJFO's forecast earnings growth (13.3% per year) is above the savings rate (2.1%).

Earnings vs Market: GJFO's earnings (13.3% per year) are forecast to grow slower than the UK market (14.6% per year).

High Growth Earnings: GJFO's earnings are forecast to grow, but not significantly.

Revenue vs Market: GJFO's revenue (2.5% per year) is forecast to grow slower than the UK market (3.5% per year).

High Growth Revenue: GJFO's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GJFO's Return on Equity is forecast to be high in 3 years time (24.6%)

Gjensidige Forsikring Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

ERGO International AG agreed to acquire ADB Gjensidige from Gjensidige Forsikring ASA (OB:GJF) for €80 million.

Insufficient new directors

Gjensidige Forsikring ASA(OB:GJF) dropped from Oslo OBX Total Return Index

Upcoming dividend of kr8.75 per share

Dividend increased to kr8.75

Insufficient new directors

Gjensidige Forsikring ASA to Report Q1, 2025 Results on Apr 29, 2025

Gjensidige Forsikring ASA Proposes Cash Dividend, Payable on 5 April 2024

Insufficient new directors

Third quarter 2023 earnings released: EPS: kr1.63 (vs kr2.21 in 3Q 2022)

Insufficient new directors

Insufficient new directors

Gjensidige Forsikring ASA (OB:GJF) acquired Commercial Portfolio from Sønderjysk Forsikring for DKK 200 million.

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire PenSam Forsikring A/S.

Gjensidige Forsikring ASA to Report Q3, 2024 Results on Oct 22, 2024

First quarter 2023 earnings released: EPS: kr2.26 (vs kr2.64 in 1Q 2022)

High number of new directors

Upcoming dividend of kr8.25 per share at 4.7% yield

Full year 2022 earnings released: EPS: kr9.04 (vs kr14.28 in FY 2021)

Gjensidige Forsikring ASA Proposes Regular Dividend, Payable on 31 March 2023

Now 21% undervalued after recent price drop

High number of new directors

Third quarter 2022 earnings released: EPS: kr2.21 (vs kr2.99 in 3Q 2021)

Gjensidige Forsikring ASA(OB:GJF) dropped from Oslo OBX Total Return Index

High number of new directors

Second quarter 2022 earnings released: EPS: kr1.62 (vs kr3.64 in 2Q 2021)

Gjensidige Forsikring ASA Announces CEO Changes

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire 33.33% stake in Mycar Group As.

First quarter 2022 earnings released: EPS: kr2.64 (vs kr2.68 in 1Q 2021)

High number of new directors

Upcoming dividend of kr7.70 per share

Gjensidige Forsikring ASA to Report Q3, 2023 Results on Oct 19, 2023

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Entra ASA (OB:ENTRA) completed the acquisition of Oslo Areal AS from Gjensidige Forsikring ASA (OB:GJF) and AMF Pensionsförsäkring AB.

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire Falck Raddningskar Ab from Falck Investment Sverige AB for SEK 1.4 billion.

Upcoming dividend of kr4.00 per share

Third quarter 2021 earnings released: EPS kr2.99 (vs kr3.10 in 3Q 2020)

High number of new directors

High number of new directors

Second quarter 2021 earnings released: EPS kr3.64 (vs kr3.90 in 2Q 2020)

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire NEM Forsikring A/S.

Independent Director recently bought kr192k worth of stock

First quarter 2021 earnings released: EPS kr2.68 (vs kr0.96 loss in 1Q 2020)

Upcoming Dividend of kr7.40 Per Share

Gjensidige Forsikring ASA to Report First Half, 2022 Results on Jul 15, 2022

Full year 2020 earnings released: EPS kr9.91 (vs kr13.11 in FY 2019)

Revenue misses expectations

Gjensidige Forsikring Asa Announces Executive Changes, Effective from March 2021

Chief Executive Officer recently bought kr849k worth of stock

Full year 2020 earnings released: EPS kr9.91

Revenue misses expectations

Chief Executive Officer recently bought kr5.9m worth of stock

Head of Investments recently bought kr93k worth of stock

Nykredit to End Its Non-Life Insurance Partnership with Gjensidige Forsikring

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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